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Insider UK
Insider UK
Environment
Rebecca Speare-Cole & Peter A Walker

UNBELIEVABLE: Cost of carbon offsetting could double by 2030 | History Defined

The cost of carbon offsetting could double for companies by 2030, new analysis has indicated.

A new report from PwC found that FTSE 350 companies publicly reported voluntary carbon offset purchases totalling £38m in 2022.

But analysis of BloombergNEF forecasts suggests that this same volume of offsets could cost companies more than £154m - an increase of 256% - by the end of the decade.

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